Hyundai Heavy Industries is famous in South Korea for being the world's largest shipbuilder and a major employer, but the firm has also become a significant builder of oil and gas facilities in the Middle East.
The firm, which was spun off from the car maker and other companies of the Hyundai name in 2002, won a US$1.6 billion (Dh5.87bn) contract from the offshore division of the Abu Dhabi National Oil Company (ADNOC) in 2006 to inject natural gas into the Umm Shaif oilfield to boost production. The project generates 15 per cent of the total revenue of Hyundai Heavy Industries' offshore division.
Last year, the company secured a $1bn contract to build a gas processing facility on Das Island and aims to sign additional contracts this year, said Dr Chang Sik-kim, the business manager for the firm's process plant business.
Hyundai Heavy Industries had its first big win in the wider region in 2005 when it signed a $1.25bn contract with Kuwait Oil to build an oil export terminal.
The firm decided in the late 1990s to begin exporting its services as a result of flat demand for plants in South Korea, Dr Chang said. Five years passed before the company landed its first foreign contract in the oil industry.
"We were trying to challenge others in the Middle East, but we always failed, then we started exploring other areas, especially Nigeria," he said. "So we accumulated experience in Nigeria and then other clients started to believe our capability and finally we started our own business in the region, including the UAE."
@Email:cstanton@thenational.ae
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Killing of Qassem Suleimani
Company%20Profile
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Company%20Profile
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The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Some of Darwish's last words
"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008
His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.
Book%20Details
%3Cp%3E%3Cem%3EThree%20Centuries%20of%20Travel%20Writing%20by%20Muslim%20Women%3C%2Fem%3E%3Cbr%3E%3Cstrong%3EEditors%3A%20%3C%2Fstrong%3ESiobhan%20Lambert-Hurley%2C%20Daniel%20Majchrowicz%2C%20Sunil%20Sharma%3Cbr%3E%3Cstrong%3EPublisher%3A%20%3C%2Fstrong%3EIndiana%20University%20Press%3B%20532%20pages%3Cbr%3E%3C%2Fp%3E%0A
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.